Brokerages Set Allied Properties Real Estate Investment (AP.UN) Target Price at $40.61

Allied Properties Real Estate Investment (TSE:AP.UN) has received a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$40.61.

A number of research analysts recently commented on the stock. BMO Capital Markets reiterated a “market perform” rating and set a C$41.00 price objective (up previously from C$40.00) on shares of Allied Properties Real Estate Investment in a research note on Thursday, August 24th. Desjardins raised their price objective on shares of Allied Properties Real Estate Investment from C$40.00 to C$43.00 in a research note on Friday, August 18th. Raymond James Financial, Inc. lowered their price objective on shares of Allied Properties Real Estate Investment from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Royal Bank Of Canada raised their price objective on shares of Allied Properties Real Estate Investment from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Finally, CIBC raised their price objective on shares of Allied Properties Real Estate Investment from C$38.50 to C$42.00 in a research note on Friday, August 4th.

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Allied Properties Real Estate Investment Company Profile

Allied Properties Real Estate Investment Trust is a closed-end real estate investment trust (REIT). The Trust is an owner, manager and developer of urban office properties. The Trust operates in nine urban markets in Canada: Toronto, Kitchener, Ottawa, Montreal, Quebec City, Winnipeg, Calgary, Edmonton and Vancouver.

Analyst Recommendations for Allied Properties Real Estate Investment (TSE:AP.UN)

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